Tag: Education

2024 Hispanic Wealth Report

The 2024 State of Hispanic Wealth Report highlights key achievements and goals in Hispanic wealth-building. The Hispanic Wealth Project, established in response to significant losses in Hispanic household wealth after the Great Recession, set a goal to triple Hispanic household wealth by 2024, which was achieved two years early. The report focuses on four primary areas: homeownership, business ownership, financial asset growth, and asset protection. Hispanic homeownership rates have nearly reached 50%, and Hispanic-owned businesses are growing faster than others. However, financial challenges remain, especially in accessing capital and investment opportunities. Hispanic households still face a significant wealth gap with non-Hispanic White households, though this gap has closed proportionally by nearly half over the past decade. The report calls for increased representation of Hispanic professionals in real estate and finance and expanded access to financial education and tools, particularly for estate planning, to ensure wealth preservation and intergenerational transfer.

El Informe del Estado de la Riqueza Hispana 2024 destaca logros y metas clave en la construcción de riqueza para la comunidad hispana. El Proyecto de Riqueza Hispana, creado después de la Gran Recesión para enfrentar pérdidas significativas de patrimonio en los hogares hispanos, estableció como meta triplicar esta riqueza para 2024, alcanzando dicho objetivo dos años antes. El informe se centra en cuatro áreas: propiedad de vivienda, propiedad de negocios, crecimiento de activos financieros y protección de activos. Las tasas de propiedad de vivienda hispana están cerca del 50%, y los negocios hispanos están creciendo más rápido que otros. Sin embargo, persisten desafíos financieros, especialmente en acceso a capital y oportunidades de inversión. Los hogares hispanos aún enfrentan una brecha significativa de riqueza con los hogares blancos no hispanos, aunque esta brecha se ha reducido proporcionalmente casi a la mitad en la última década. El informe recomienda aumentar la representación de profesionales hispanos en bienes raíces y finanzas, y ampliar el acceso a la educación financiera, en especial en planificación patrimonial, para asegurar la preservación de la riqueza y su transferencia intergeneracional.

NAHREP South Florida Business Rally – October 29, 2024

NAHREP South Florida is thrilled to announce the first panel for our NAHREP South Florida Business Rally, and it’s a powerhouse lineup! Get ready to hear from top experts: 

Real Estate Wealth Strategies: Taxes & Finances
This panel will dive deep into the strategies you need to maximize your financial success, reduce tax liabilities, and make smart investments for long-term wealth. If you’re looking for invaluable insights to take your business to the next level, this is the panel you cannot afford to miss!⠀

Town Hall: Succeeding In NAR Post-Settlement World
This panel will discuss the aftermath of the NAR settlement and what they have learned.

VIP Member Session Only
Ricky Carruth – Award-winning and multiple-year #1 real estate producer in his state has 18 years of experience and will be sharing some golden nuggets in this private session. 
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Join us for a day packed with the most valuable information you’ll get this year. Don’t miss out!

Schedule
2:00PM – 3:00PM – Registration/Networking
3:00PM – 4:30 PM – General Programming
 – Real Estate Wealth Strategies: Taxes & Finances
      – Charina Padilla – Tax Engineer
      – Jose Ortiz – CPA & Certified Tax Coach
      – Favio Taborada – Financial Advisor
– Town Hall: Succeeding In NAR Post-Settlement World
     – Broker Susy Corona – Compass – Senior Sales Manager
     – Broker Mike Pappas – The Keyes Company – CEO
     – Broker Carolina Gerdts – Related ISG – President
     – Attorney Claudia Cobreiro – Cobreiro Law
     – Attorney Raysa Vargas – Vargas Law Group
     – Gonzalo Mejia – Miami Realtors Instructor

VIP Session – MEMBERS ONLY (Become a Member)
4:30PM – 5:00PM – Ricky Carruth
5:00PM – 7:00PM – Closing Reception & Networking MEMBERS ONLY

If you do not know who Ricky Carruth is, watch his video here. 

 

Mark Pinilla Speaks @ FIU – Command Your Future: Career & Leadership Summit

Mark Pinilla will be presenting at FIU’s “Command Your Future: Career & Leadership Summit“. 

This summit is designed to inspire and empower veteran students with valuable insights on transitioning to civilian life and career and leadership opportunities and leadership.

Details of the Presentation:

  • Breakout Room Session: Approximately 25 minutes in length
  • Topic: Real Estate Investment
  • Audience: Veteran and Military Affiliated students interested in career growth and leadership strategies
  • GC Ballrooms

About Mark Pinilla the speaker:

Overseeing over 250 investment properties across Miami-Dade and Broward counties, Mark Pinilla is a top-producing property manager for Keyes Property Management. Leveraging his nearly 30 years of combined property management and real estate experience, Mark provides turnkey services for property owners and investors, maximizing their returns while serving tenants’ needs. Furthermore, his strong work ethic and trustworthiness have awarded him exclusive responsibilities, including training new employees, planning and executing REALTOR® marketing materials and events, and operating as the test pilot for new initiatives. Mark is also a real estate agent at The Keyes Company. Supporting 1000+ REALTORS® in their real estate transactions as a primary resource and manager only, his seasoned expertise includes landlord/tenant laws, lease drafting, and service animal and ESA regulations.

Mark’s integrity and honesty are so well regarded that he has held security clearance with the Department of Defense. He also forges strong business relationships with his natural networking ability and is relentlessly driven to serve and inspire others. He has achieved greater purpose in his career as a Certified Trainer for NAHREP (National Association of Hispanic Real Estate Professionals) and as a trainer for the Miami Association of REALTORS®, and he’s always open to speaking opportunities. Mark’s impassioned efforts extend to his personal life and include the nonprofit he launched, Vet Info, which advocates for the mental health of our heroic military veterans. He’s also taught Sunday School, participated in the Dolphin Cancer Challenge, and is CERT-certified with the Red Cross’ Community Emergency Response Team.

Mark holds a liberal arts degree with a minor in Spanish and a certificate in Latin American affairs. He further nurtured his advanced Spanish-speaking skills while studying abroad and embarking on a banking internship, both in Ecuador. Originally from San Jose, California, Mark has lived in Doral, Florida, since 1998. One of his biggest priorities is spending time with his wife and two daughters. He also enjoys trying new restaurants, friendly gatherings at home, exercising, outdoor activities, and creating WordPress websites.

Miami Association of Realtors – Coral Gables – Understanding the Florida Lease Agreement & Service and Support Animals

Instructor: Mark Pinilla

Membership dues credits can be applied to this class if dues were paid by June 7th, 2024.
Understanding the Florida Lease Agreement and effectively protecting the landlord, tenant, and Realtor’s interests. Learn what even some of the most experienced veteran real estate agents do not know and where most of the mistakes are made. Learn how to fill in the maintenance section, prorations, collect your full commission, deal with active-duty military, and more.

This class and visual presentation lecture covers the Florida Lease Agreement intertwined with realtor & property management experiences based on how the lease was written/filled in. The training will cover the lease agreement flow from acquiring a tenant to the closing/move-in and the responsibilities of the Realtors® to their customers.

The Lease Agreement process will include:
• How to write a lease that protects the landlord, the tenant, and the Realtor®.
• Understand the difference between practicing law and being a Realtor®.
• Understanding the importance of naming the parties involved in the lease.
• How to collect your full commission when prorating rent.
• Deposits and how to properly handle them.
• Understand the maintenance section and how it affects owners and tenants.
• How to handle active-duty military and their special exceptions to the leasing process.
• How to make sure the landlord does not pay for storage.
• Best practices for making sure all the sections are signed and initialed.
• Best practices when dealing with foreign landlords.

BONUS CONTENT:

• Service and Support Animals
• Understand the only questions you can ask a person requesting a reasonable accommodation.
• Understand the kind of documents that can be requested.
• Understand who can provide reasonable or trustworthy documentation as proof of the tenant’s need for a reasonable accommodation.
• Understand why a service or support animal is not a pet.

NAHREP South Florida – Drivers of Wealth

Join Mark Pinilla at the Drivers of Wealth educational event.

Dive deep into wealth-building strategies and learn from the most influential leaders in the industry. This is your chance to network, gain invaluable insights, and take your financial future to the next level! Our incredible panels include:
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Realtor Panel: ⠀
•Pablo Gomez, Lifestyle International Realty ⠀
•Juan Pablo Casas, Keller Williams Capital Realty ⠀
•Alexis Valladares, EXP Realty ⠀
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MLO Panel: ⠀
•Alex Gandarilla, iFinance Florida ⠀
•Michelle Leon, The Mortgage Squad ⠀
•Michael Ortiz, CEO of The Mortgage HUB ⠀
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Special Guest:
Sara Rodriguez, past NAHREP National President and dynamic entrepreneur expanding her business across multiple states!

TV Host
Myrka Dellanos TV host from NBC Telemundo, will join us for a captivating fireside chat at our event on July 11th! Don’t miss the chance to hear Myrka’s inspiring journey and learn how she triumphed over the challenges in her career as a broadcast journalist. ⠀
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This event is packed with opportunities to learn from those driving wealth in our community. Whether you’re a seasoned professional or just starting your journey, you won’t want to miss this chance to connect and grow.
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Secure your spot today by clicking the link at the end of this post. I  look forward to seeing you there and building wealth together!

 

2023 Hispanic Wealth Report

The 2023 State of Hispanic Wealth Report provides insightful data and trends regarding the financial health of Hispanic households in the United States. Hispanic household wealth has tripled in the past decade, increasing from $19,998 in 2013 to $63,400 in 2022, representing the fastest growth rate among any racial or ethnic group in the U.S. This surge in wealth is largely attributed to homeownership, a key driver of financial stability and wealth creation. For Hispanic families, owning a home significantly boosts net worth, with homeowners having, on average, 26.4 times the net worth of renters.

Despite these gains, challenges remain. The Hispanic community continues to face barriers in financial diversification. While 73% of Hispanic assets are non-financial, such as homes and businesses, only 27% are held in cash or investment accounts. This lack of diversification leaves Hispanic households vulnerable during economic downturns.

The report also highlights the entrepreneurial spirit within the Hispanic community, which saw a notable rise in business ownership during the COVID-19 pandemic. Hispanic-owned businesses have been crucial in driving economic growth, but access to capital remains a significant hurdle. Efforts to support these businesses through mentorship and financial education are essential for their continued success and contribution to wealth creation.

To build on these advancements, it is vital for Hispanic families to focus on saving money, reducing debt, and making informed investment decisions. Financial education plays a crucial role in this process. Programs like the NAHREP 10 Certified Trainers and HWP’s Angel Community are designed to provide the necessary tools and knowledge to foster financial literacy and investment skills within the community.

For those navigating the complexities of wealth building and financial management, seeking guidance from professionals like Mark Pinilla is highly recommended. Mark Pinilla, an investment property manager and Realtor, is also a NAHREP 10 certified trainer who guides his clients towards homeownership. His expertise and dedication can provide valuable support and direction, helping to secure a stable and prosperous financial future.

Contact Mark Pinilla for professional guidance and support in your investment and wealth-building journey.

El Informe de Riqueza Hispana de 2023 proporciona datos y tendencias perspicaces sobre la salud financiera de los hogares hispanos en los Estados Unidos. La riqueza de los hogares hispanos se ha triplicado en la última década, aumentando de $19,998 en 2013 a $63,400 en 2022, representando la tasa de crecimiento más rápida entre cualquier grupo racial o étnico en los EE. UU. Este aumento en la riqueza se atribuye en gran medida a la propiedad de vivienda, un motor clave de estabilidad financiera y creación de riqueza. Para las familias hispanas, poseer una vivienda aumenta significativamente el patrimonio neto, con propietarios que tienen, en promedio, 26.4 veces el patrimonio neto de los inquilinos.

A pesar de estos avances, persisten desafíos. La comunidad hispana sigue enfrentando barreras en la diversificación financiera. Mientras que el 73% de los activos hispanos son no financieros, como viviendas y negocios, solo el 27% se mantiene en efectivo o cuentas de inversión. Esta falta de diversificación deja a los hogares hispanos vulnerables durante recesiones económicas.

El informe también destaca el espíritu emprendedor dentro de la comunidad hispana, que vio un aumento notable en la propiedad de negocios durante la pandemia de COVID-19. Los negocios propiedad de hispanos han sido cruciales para impulsar el crecimiento económico, pero el acceso al capital sigue siendo un obstáculo significativo. Esfuerzos para apoyar a estos negocios a través de mentoría y educación financiera son esenciales para su éxito continuo y su contribución a la creación de riqueza.

Para construir sobre estos avances, es vital que las familias hispanas se centren en ahorrar dinero, reducir la deuda y tomar decisiones de inversión informadas. La educación financiera juega un papel crucial en este proceso. Programas como los NAHREP 10 Certified Trainers y HWP’s Angel Community están diseñados para proporcionar las herramientas y conocimientos necesarios para fomentar la alfabetización financiera y las habilidades de inversión dentro de la comunidad.

Para aquellos que navegan por las complejidades de la construcción de riqueza y la gestión financiera, se recomienda encarecidamente consultar con profesionales como Mark Pinilla. Mark Pinilla, un administrador de propiedades de inversión y Realtor, también es un entrenador certificado NAHREP 10 que guía a sus clientes hacia la propiedad de vivienda. Su experiencia y dedicación pueden proporcionar un apoyo y dirección valiosos, ayudando a asegurar un futuro financiero estable y próspero.

Póngase en contacto con Mark Pinilla para obtener orientación y apoyo profesional en su viaje de inversión y construcción de riqueza.

#HispanicWealth #FinancialLiteracy #Homeownership #InvestInYourFuture #LatinoSuccess #WealthBuilding #DebtFreeJourney #FinancialEducation #SmallBusinessGrowth #MarkPinilla

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Websites
www.savvypm.org
www.markpinilla.com
www.markpinilla.keyes.com

NAHREP L’attitude – San Diego, California

Get ready for an electrifying year as L’ATTITUDE returns for 2024! Join us in San Diego, CA, from September 12-15 for an unforgettable experience celebrating The New Mainstream Economy and the remarkable contributions of the U.S. Latino cohort. From inspiring speakers to engaging discussions, L’ATTITUDE 2024 promises to be an event like no other. Don’t miss your chance to be part of this transformative gathering – register now and prepare for L’ATTITUDE at its best!